GetWorth
From Wikipedia, the free encyclopedia
Pre-owned vehicles
 | |
 GetWorth headquarters, including a showroom and warehouse, in Montague Gardens, Cape Town | |
| Company type | Private |
|---|---|
| Industry | Automotive Pre-owned vehicles |
| Founded | 2017[1] |
| Headquarters | Cape Town, South Africa |
Area served | South Africa |
Key people | Jamie Surkont (Co-Founder & CEO)[2] Mark Ridway (CTO)[3] |
| Owner | Motus Holdings (60%) |
GetWorth (stylized as get\Worth) is a South African non-manufacturing automotive company, headquartered in Cape Town.[4]
GetWorth sells pre-owned vehicles online, and in a warehouse format, across South Africa. Founded in 2017,[1] the company is 60% owned by major South African automotive group Motus Holdings.[5] One of its major competitors is WeBuyCars, which sells vehicles via similar formats.
GetWorth was founded in 2017, in Cape Town.[1]
In 2021, GetWorth opened its first showroom, located in Montague Gardens, Cape Town.[6]
In March 2022, a 60% shareholding in GetWorth was acquired by South Africa's largest auto retailer, Motus Holdings. At the time, it was reported that there was a shift away from traditional vehicle dealerships and towards individuals selling their own cars. As such, Motus was seeking a way to broaden its vehicle sales formats, and that acquiring shares in GetWorth allowed the former to enhance its vehicle pricing technology.[2]
In the same year, GetWorth reported significant growth, with a 60% year-on-year growth rate for 5 consecutive years, since its foundation.[2]